Bring out any two weaknesses of using income method for measuring development
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5
First, national in curve figures are not accurate. ...
The 'black economy' distorts the figures. ...
A rise in national income may not mean a rise in living standards. ...
The accounts only measure paid activities. ...
National income often rises in time of war, or the threat of war, because money is spent on weapons.
Answered by
2
First, national in curve figures are not accurate. ...
The 'black economy' distorts the figures. ...
A rise in national income may not mean a rise in living standards. ...
The accounts only measure paid activities. ...
National income often rises in time of war, or the threat of war, because money is spent on weapons.
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